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calculate recrivables ratios Exercise 5-18 (Algo) Calculate receivables ratios (LO5-8) Below are amounts (in millions) from three companies' annual reports. Required: 1. Calculate the receivables

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Exercise 5-18 (Algo) Calculate receivables ratios (LO5-8) Below are amounts (in millions) from three companies' annual reports. Required: 1. Calculate the receivables turnover ratio and the average collection period for WaiCo, TarMart and CostGet 2. Which company appears most efficient in collecting cash from sales

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